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Report
Vietnam LED Lighting Market Analysis and Forecast, 2022-2028
Market Report I 2023-02-23 I 110 Pages I RationalStat
Vietnam LED Lighting Market Analysis and Forecast, 2022-2028
The Vietnam LED lighting market was US$ 650 Bn in 2021 and is expected to grow at a CAGR of around 6.8% over the forecast period of 2022-2028.
Market Scope & Overview
The Vietnam LED lighting market study by RationalStat comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the Vietnam market for the historical period of 2019-2021 and the forecast period of 2022-2028 based on the product installed base, key forecasting factors impacting the market conditions, and major market developments happening in the market throughout the analysis period. RationalStat practices primary and secondary research for conducting an insightful market study. Various market parameters such as macroeconomic conditions, market environment, government policies, and competitive landscape are thoroughly studied and taken into account while analyzing the market.
The Vietnam LED lighting market report also covers value chain and supply chain analysis that provides in-depth information about the value addition at each stage of the product. Market dynamics incorporated in the market study include drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period. The market study also covers the pricing analysis of each product based on its types and regions.
The Vietnam LED lighting market includes a market share analysis and market structure overview with detailed company profiling of leading players with their financials, product offerings, major developments, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.
State of Vietnam Economy, COVID-19 Outbreak, and the Russo-Ukraine War Impact
The Vietnam economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdue growth, while other countries continued to grapple with economic slowdowns. Also, intensifying tension between the US and Iran along with the tightening sanctions on Venezuela by the US further hampered Vietnam economic growth in 2019. Moreover, the heightened trade war between the US and China and the rising trade uncertainty continued to exert adverse effects on the Vietnam economy. Amid all these, the COVID-19 outbreak at the end of the year 2019 in Wuhan, China further deteriorated Vietnam economic growth.
The COVID-19 pandemic has levied undue pressure across the majority of industries Vietnamly and has caused a major economic crisis in the US, India, Italy, UK, Germany, India, Japan, South Korea, the UK, and many others. Many of these countries had announced partial or complete nationwide lockdowns. The governments of several nations have called on people to shelter in place at home, travel restrictions, shut down local businesses, and prohibited social gatherings.
The rapid spread of the virus in the early month of 2020 followed by a second wave of COVID-19 caused a significant change in management strategies of the leading industries which have affected the market or industry at a significant level. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened Vietnam uncertainty.
Key Market Segmentation and Companies
RationalStat has segmented the Vietnam LED lighting market based on type, installation type, end use, and region.
- By Type
o Panel Light
o Down Light
o Flood Light
o Street Light
o Others (Bulb and Tube Light, etc.)
- By Installation Type
o New Installation
o Retrofit Installation
- By End Use
o Residential
o Commercial
o Industrial
o Institutional
- By Region
o Northern Vietnam
o Central Vietnam
o Southern Vietnam
Leading Companies and Market Players
o Rang Dong Light Source and Vacuum Flask JSC (Ralaco)
o Dien Quang Light Source Company
o Asled Co., Ltd
o Signify (Philips Lighting)
o Osram Licht AG
o Nichia Corporation
o Cree Inc.
o Seoul Semiconductor Co Ltd
o Simon Vietnam
o Panasonic Corp.
o Nanoleaf
Vietnam LED Lighting Market Analysis and Forecast 2019-2028
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Vietnam and Global LED Lighting Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.1.1. Vietnam Population Overview and Forecast
6.1.2. Vietnam Per Capita Income Analysis
6.1.3. Vietnam GDP Overview and Forecast
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players' expenditures, and economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter's Five Forces Analysis
7. Government Laws and Industry Regulations
8. Vietnam and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Trade Analysis (Exim Analysis)
9.1. Import Data by Volume (in tons) and Value (US$ Million)
9.2. Export Data by Volume (in tons) and Value (US$ Million)
10. Pricing Analysis
10.1. By Type
10.1.1. Panel Light
10.1.2. Down Light
10.1.3. Flood Light
10.1.4. Street Light
10.1.5. Others (Bulb and Tube Light, etc.)
10.2. By Region
10.2.1. Northern Vietnam
10.2.2. Central Vietnam
10.2.3. Southern Vietnam
11. Parent Market Overview: Global Electronic Markets
12. Segmental Analysis
12.1. Vietnam LED Lighting Market by Type (Value and Volume Analysis)
12.1.1. Panel Light
12.1.2. Down Light
12.1.3. Flood Light
12.1.4. Street Light
12.1.5. Others (Bulb and Tube Light, etc.)
12.2. Vietnam LED Lighting Market by Installation Type (Value and Volume Analysis)
12.2.1. New Installation
12.2.2. Retrofit Installation
12.3. Vietnam LED Lighting Market by End Use (Value and Volume Analysis)
12.3.1. Residential
12.3.2. Commercial
12.3.3. Industrial
12.3.4. Institutional
12.4. Vietnam LED Lighting Market by Region (Value and Volume Analysis)
12.4.1. Northern Vietnam
12.4.2. Central Vietnam
12.4.3. Southern Vietnam
13. Regional Analysis (Value and Volume Analysis)
13.1. Northern Vietnam LED Lighting Market Analysis and Forecast 2019-2028
13.1.1. Regional Market Overview and Key Takeaways
13.1.2. Northern Vietnam LED Lighting Market by Type
13.1.3. Northern Vietnam LED Lighting Market by Installation Type
13.1.4. Northern Vietnam LED Lighting Market by End Use
13.2. Southern Vietnam LED Lighting Market Analysis and Forecast 2019-2028
13.2.1. Regional Market Overview and Key Takeaways
13.2.2. Southern Vietnam LED Lighting Market by Type
13.2.3. Southern Vietnam LED Lighting Market by Installation Type
13.2.4. Southern Vietnam LED Lighting Market by End Use
13.3. Central Vietnam LED Lighting Market Analysis and Forecast 2019-2028
13.3.1. Regional Market Overview and Key Takeaways
13.3.2. Central Vietnam LED Lighting Market by Type
13.3.3. Central Vietnam LED Lighting Market by Installation Type
13.3.4. Central Vietnam LED Lighting Market by End Use
14. Competitive Landscape
14.1. Competition Dashboard
14.1.1. Vietnam and Regional Market Share Analysis
14.1.2. Market Structure
14.2. Competitive Benchmarking
14.3. Key Strategy Analysis
14.4. Company Profiles
14.4.1. Rang Dong Light Source and Vacuum Flask JSC (Ralaco)
14.4.1.1. Company Overview
14.4.1.2. Product/Service Offerings
14.4.1.3. Financials
14.4.1.4. Recent Developments
14.4.2. Dien Quang Light Source Company
14.4.2.1. Company Overview
14.4.2.2. Product/Service Offerings
14.4.2.3. Financials
14.4.2.4. Recent Developments
14.4.3. Asled Co., Ltd
14.4.3.1. Company Overview
14.4.3.2. Product/Service Offerings
14.4.3.3. Key Financials
14.4.3.4. Recent Developments
14.4.4. Signify (Philips Lighting)
14.4.4.1. Company Overview
14.4.4.2. Product/Service Offerings
14.4.4.3. Key Financials
14.4.4.4. Recent Developments
14.4.5. Osram Licht AG
14.4.5.1. Company Overview
14.4.5.2. Product/Service Offerings
14.4.5.3. Financials
14.4.5.4. Recent Developments
14.4.6. Nichia Corporation
14.4.6.1. Company Overview
14.4.6.2. Product/Service Offerings
14.4.6.3. Financials
14.4.6.4. Recent Developments
14.4.7. Cree Inc.
14.4.7.1. Company Overview
14.4.7.2. Product/Service Offerings
14.4.7.3. Financials
14.4.7.4. Recent Developments
14.4.8. Seoul Semiconductor Co Ltd
14.4.8.1. Company Overview
14.4.8.2. Product/Service Offerings
14.4.8.3. Financials
14.4.8.4. Recent Developments
14.4.9. Simon Vietnam
14.4.9.1. Company Overview
14.4.9.2. Product/Service Offerings
14.4.9.3. Financials
14.4.9.4. Recent Developments
14.4.10. Panasonic Corp.
14.4.10.1. Company Overview
14.4.10.2. Product/Service Offerings
14.4.10.3. Financials
14.4.10.4. Recent Developments
14.4.11. Nanoleaf
14.4.11.1. Company Overview
14.4.11.2. Product/Service Offerings
14.4.11.3. Financials
14.4.11.4. Recent Developments
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